,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #daic  ,,in ,,the ,,house ,,of  
,,representatives  ,march #aa1 #bjad    
,mr4 ,issa 7for himself1 ,mr4 ,cummings1
 ,mr4 ,woodall1 ,mr4 ,lynch1 ,mr4       
,connolly1 and ,mr4 ,farenthold7        
introduced the following bill2 which was
 referred to the ,committee on          
,oversight and ,government ,reform  ,a  
,,bill  ,to amend title #e1 ,united     
,states ,code1 to change the default    
investment fund under the ,thrift       
,savings ,plan1 and for other purposes4 
#a4 ,short title ,this ,act may be cited
 as the ,smart ,savings ,act4  #b4      
,thrift ,savings ,plan default          
investment fund  7a7 ,in general        
,section #hdch7;c77#b7 of title #e1     
,united ,states ,code1 is amended to    
read as follows3  7#b7  7,a7 ,consistent
 with the requirements of subparagraph  
7,b71 if an election has not been made  
with respect to any sums available for  
investment in the ,thrift ,savings      
,fund1 the ,executive ,director shall   

invest such sums in an age-appropriate  
target date asset allocation investment 
fund1 as determined by the ,executive   
,director4 ,such investment fund shall  
consist of any of the funds described in
 subsection 7b74  7,b7 ,if an election  
has not been made by an eligible member 
under section #hddj;e with respect to   
any sums available for investment in    
such member's ,thrift ,savings ,fund    
account1 the ,executive ,director shall 
invest such sums in the ,government     
,securities ,investment ,fund4  4  7b7  
,acknowledgment of risk ,section        
#hdci7;d7 of title #e1 ,united ,states  
,code1 is amended--  7#a7 by inserting  
7#a7 before ,each employee2 and  7#b7 by
 adding at the end the following new    
paragraph3  7#b7 ,prior to enrollment in
 the ,thrift ,savings ,plan1 an         
individual covered by section           
#hdch7;c77#b77;,a7 shall sign the risk  
acknowledgment described under paragraph
 7#a74  4  7c7 ,technical and conforming
 amendment ,section #hdgb7;g77#b7 of    

title #e1 ,united ,states ,code1 is     
amended by striking required by section 
#hdch of this title to be invested in   
securities of the ,government and       
inserting under section                 
#hdch7;c77#b77;,b74  7d7 ,guidance ,not 
later than #i months after the date of  
enactment of this ,act1 the ,executive  
,director 7as that term is defined under
 section #hdja7ac7 of title #e1 ,united 
,states ,code7 shall develop and issue  
guidance implementing the requirements  
of this ,act4  7e7 ,effective date and  
application ,the amendments made by     
subsections 7a7 and 7b7 shall--  7#a7   
take effect on the date that the        
,executive ,director issues guidance    
under subsection 7d72 and  7#b7 apply to
 individuals enrolled in the ,thrift    
,savings ,plan on or after such date4